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20131202
20131210
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Bloomberg
Dec 9, 2013 6:00am EST
.d.p. is moving in the right direction. if you were working for president obama, you would be out there saying i think this is a fabulous migration we're making. why are we so miserable? >> i would be scared to death. this victory lap is unwarranted. we're in the fifth year of a recovery now. touf have context. if you take the one-time revenue windfall within the two-thirds budget you're running at 800 billion. that's 5% of g.d.p. no one's abolished the business cycle. sooner or later down the road there's going to be -- >> even if we get to 300 billion we're going to turn around and go the other way? >> that's what the cbo projections show. they assume that we get to full employment in 2017 and stay there until eternity. if you have a more realistic, non-rosy scenario, the deficit gos back above $1 trillion. yet this increases the deficit and pretends they're going to offset it. >> who is being more stockman responsible, democrats or republicans? >> i think i would give a low grade to both sides. >> but which one is doing a better job? >> the lowest grade to the republicans to ryan. i think he'
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